White Hall, Arkansas Property Taxes
The median property tax rate in White Hall, AR is 0.73%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in White Hall being $94,550, the typical annual property tax bill amounts to $676, significantly less than the national median of $2,690. Property taxes in White Hall are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Hall's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Hall or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Hall, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$690
$641
Ownwell’s White Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Hall to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Hall, Arkansas
Property taxes in White Hall, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Hall is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within White Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Hall estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares White Hall's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the zip code 72132 has the highest median property tax rate of 0.84%, while the zip code 71602 has the lowest median tax rate of 0.73%. Understanding how these areas compare with White Hall provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Hall Tax Rate
0.73%
Average Jefferson County Tax Rate
0.73%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | 0.81% | 0.82% | 0.83% | 0.93% | 0.99% |
| 71602 | 0.28% | 0.53% | 0.73% | 0.95% | 1.14% |
| 72132 | 0.54% | 0.68% | 0.84% | 0.92% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across White Hall, Arkansas
In White Hall, Arkansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Jefferson County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in White Hall are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in White Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $679.00 in the 71602 zip code, while the lowest median tax bill is $207.00 in the 71601 zip code.
Average White Hall Assessed Value
$94,550
Average Jefferson County Assessed Value
$69,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | $23,580 | $24,075 | $24,900 | $105,250 | $153,460 |
| 71602 | $21,125 | $38,100 | $94,800 | $180,350 | $267,625 |
| 72132 | $7,470 | $18,038 | $32,800 | $70,688 | $307,845 |
Source: Ownwell
Property Tax Bills Across White Hall, Arkansas
In White Hall, Jefferson County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses this assessed value to determine the amount of property tax owed. Factors such as the local tax rate and any applicable exemptions or deductions play a significant role in the final tax bill. For instance, the median home price in White Hall is $94,550, and property tax bills can vary widely. The 25th percentile tax bill is $275, while the 75th percentile reaches $1,385, and the 90th percentile climbs to $2,162. Comparatively, the highest median tax bill in the area is $679 in zip code 71602, and the lowest is $207 in zip code 71601. These variations affect homeowners differently, impacting their annual financial planning and budgeting. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average White Hall Tax Bill
$676
Average Jefferson County Tax Bill
$457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | $191 | $197 | $207 | $1,055 | $1,564 |
| 71602 | $114 | $277 | $679 | $1,387 | $2,164 |
| 72132 | $145 | $214 | $249 | $1,187 | $3,490 |
Source: Ownwell